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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Finance | Insurance 2023: G. ROBERT ASTON JR.
Virginia 500 August 30, 2023

Finance | Insurance 2023: G. ROBERT ASTON JR.

When he founded TowneBank in 1999, Aston had a vision of creating a Main Street bank that would be focused exclusively on serving the people and businesses in its hometown. Today, TowneBank has over 45 locations, with assets of more than $16.7 billion as of March 31, and supports more than 200 nonprofit organizations through […]

Law 2023: DOUGLAS S. GRANGER
Virginia 500 August 30, 2023

Law 2023: DOUGLAS S. GRANGER

A nearly 40-year veteran of his firm, the second largest in the state, Granger focuses on business transactions, with a specific focus on mergers and acquisitions, and corporate finance transactions. He has substantial experience working with both public and private U.K.-based companies in the U.S. as well as multinational acquisitions. He joined then-Hunton & Williams […]

Real Estate 2023: MICHAEL HALLMARK
Virginia 500 August 30, 2023

Real Estate 2023: MICHAEL HALLMARK

Hallmark is lead developer of the $2.3 billion GreenCity development underway in Henrico County that plans to include a 17,000-seat arena billed as the nation’s greenest concert venue, as well as hotels, retail, office and residential space. An architect, he moved to Virginia in 2018 from Los Angeles, where he designed the Crypto.com Arena, formerly […]

Real Estate 2023: JEFFREY M. HYDER
Virginia 500 August 30, 2023

Real Estate 2023: JEFFREY M. HYDER

In August, Hyder succeeded Stewart D. Roberson as president and CEO of the architecture firm; Roberson continues serving as the company’s chair. Hyder joined Moseley in 1993 after earning his bachelor’s degree from Virginia Tech‘s School of Architecture. Over the past 30 years, Hyder has served as an architect, operations manager and leader of the […]

Real Estate 2023: MAGGIE REED
Virginia 500 August 30, 2023

Real Estate 2023: MAGGIE REED

Reed joined Gilbane in 2003, after graduating from Pennsylvania State University (Penn State), where she was a two-time All-American in women’s rugby. One of the construction company’s youngest vice presidents, she has managed over $1 billion in contracts during her career so far. A registered architect, Reed is responsible for driving sales and supervising more […]

Education 2023: ANNE M. KRESS
Virginia 500 August 30, 2023

Education 2023: ANNE M. KRESS

As president of Virginia’s largest community college — and one of the largest community colleges in the country — Kress oversees faculty, staff and nearly 70,000 internationally diverse students on six campuses near Washington, D.C., including NOVA’s Medical Education Campus in Springfield. In May, Gov. Glenn Youngkin visited the college’s Alexandria campus to announce a [&he[...]

Federal Contractors/Technology: Y. MICHELE KANG
Virginia 500 August 30, 2023

Federal Contractors | Technology 2023: Y. MICHELE KANG

Born in South Korea, Kang moved to the United States as a teen with her family, driven to succeed. She earned her bachelor’s degree from the University of Chicago and her master’s degree from the Yale School of Management. An entrepreneur who started companies and bought and invested in others, she has always been focused on […]

Media 2023: JIM VANDEHEI
Virginia 500 August 30, 2023

Media 2023: JIM VANDEHEI

VandeHei began his path to media entrepreneur as a reporter in the Washington, D.C., journalism trenches, first as a congressional and White House reporter for The Wall Street Journal from 2000 to 2003, and then for three years at The Washington Post, where he also covered Congress and the executive branch. He left the Post […]

Finance | Insurance 2023: STEPHAN Q. CASSADAY
Virginia 500 August 30, 2023

Finance | Insurance 2023: STEPHAN Q. CASSADAY

Cassaday, who has been advising investors for nearly 50 years, founded his eponymous independent advisory firm in 1993. Since then, his firm has grown from $40 million in assets under management to $4.7 billion, with 84 employees and 2,800 clients nationally. Cassaday & Co. has appeared on several “best places to work” lists, and Barron’s […]

Manufacturing 2023: JOHN PARKINSON
Virginia 500 August 30, 2023

Manufacturing 2023: JOHN PARKINSON

A subsidiary of Duroc AB, a Swedish manufacturer specializing in filament yarn and staple fiber, Drake Extrusion has been based in Henry County since 1996, with Parkinson as its CEO since 2001. Its staple fiber is used in various applications such as flooring, rugs, furniture, technical filters, car interiors and nonwoven fabrics. Drake has expanded […]

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Top Stories

An offshore wind turbine. A boat sits in the background.

Dominion wind farm among 5 projects paused by Trump

Trump administration orders 90-day pause on five East Coast offshore wind projects, including Domini[...]

U.Va. Darden School dean reappointed to third term

U.Va. names next president, defying Spanberger

The University of Virginia's board named Darden School of Business Dean Scott Beardsley as the unive[...]

George Holm will transition to executive chairman of PFG on Jan. 1. Photo courtesy PFG

Performance Food Group announces Jan. 1 CEO transition

Performance Food Group names Scott McPherson CEO effective Jan. 1, 2026, as George Holm transitions [...]

Server room interior in datacenter. Depositphotos

Another massive data center campus proposed in Prince William

LSI 360 has filed an early planning application tied to a massive, proposed data center campus in we[...]

Port of Virginia nears finish of $450M dredging project

Federal employment, trade declined in 2025 in Virginia

Virginia saw some economic growth in 2025, but it was slow compared to 2024, and statewide unemploym[...]

Gov. Glenn Youngkin announced LS Cable & System's plans for additional facilities in Chesapeake at the Patrick Henry Building in Richmond on Dec. 12, 2025. Photo by Katherine Schulte/Virginia Business.

LS Cable to add $689M factory in Chesapeake, creating 430 jobs

LS Cable & System is more than doubling its capital investment in Chesapeake manufacturing facilitie[...]

People

SHRM Linkage has appointed Tracey Walker as its new CEO, effective. Dec. 3. Photo Courtesy SHRM Linkage

SHRM Linkage taps new CEO

19/12/2025

Science Applications International Corp. (SAIC) has tapped Peraton executive Ravi Dankanikote to be chief growth officer. Photo courtesy SAIC

Peraton executive returns to SAIC as chief growth officer

17/12/2025

Theodore “Ted” Tanner Jr. will join Leidos as CTO in January. Photo courtesy Leidos

Leidos names AI chief technology officer

15/12/2025

Regions

The Hard Rock Hotel & Casino Bristol produced $13.18 million in gaming tax revenue for 14 localities. Photo courtesy Hard Rock Hotel & Casino Bristol

Bristol hopes for bigger share of casino tax

The Hard Rock Hotel & Casino Bristol this November marked its first year in its permanent facili[...]

June 2025 for the record

FOR THE RECORD December 2025

Central Virginia  Pharmaceutical giants AstraZeneca, Eli Lilly & Co. and Merck & Co. have c[...]

Four cards and a stack of chips on a green felt table

Virginia casinos report $82M in October revenue

October gaming revenues for Virginia’s three casinos totaled $82.1 million, according to data the [...]

Virginia Intermont College campus owner modifies plans

Virginia Intermont College campus owner modifies plans

The owner of the former Virginia Intermont College in Bristol plans a new four-year school and mixed[...]


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